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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SSD
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Red day on Tuesday for Simpson Manufacturing Company Inc
(Updated on May 07, 2024)

Sell candidate since Apr 23, 2024 Gain 6.39% PDF

The Simpson Manufacturing Company Inc stock price fell by -1.74% on the last day (Tuesday, 7th May 2024) from $183.23 to $180.05. During the last trading day the stock fluctuated 1.51% from a day low at $179.98 to a day high of $182.70. The price has risen in 8 of the last 10 days and is up by 6.39% over the past 2 weeks. Volume has increased on the last day by 137 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 360 thousand shares were bought and sold for approximately $64.88 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.88% during the next 3 months and, with a 90% probability hold a price between $145.30 and $173.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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SSD Signals & Forecast

There are mixed signals in the stock today. The Simpson Manufacturing Company Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $187.47. On a fall, the stock will find some support from the short-term average at $178.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -1.74%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Simpson Manufacturing Company Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $170.82 and $169.62. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Simpson Manufacturing Company Inc finds support just below today's level at $170.82. If this is broken, then the next support from accumulated volume will be at $169.62 and $169.23.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.72 between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 2.52%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SSD) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Simpson Manufacturing Company Inc to open at $180.91, and during the day (based on 14 day Average True Range), to move between $174.53 and $185.57, which gives a possible trading interval of +/-$5.52 (+/-3.07%) up or down from last closing price. If Simpson Manufacturing Company Inc takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $185.12 (2.82%) than the support at $170.82 (5.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Simpson Manufacturing Company Inc stock A Buy?

Simpson Manufacturing Company Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.103 Sell Candidate Unchanged

Predicted Opening Price for Simpson Manufacturing Company Inc of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$180.91 ( 0.478%) $180.05

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SSD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 183.63 1.99 %
R2 182.59 1.41 %
R1 181.95 1.05 %
Current price: 180.05
Support S1 179.87 -0.0994 %
S2 179.23 -0.456 %
S3 178.19 -1.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 207.25 15.11 %
R2 197.24 9.55 %
R1 185.12 2.82 %
Current price 180.05
Support S1 170.82 -5.13%
S2 169.62 -5.79%
S3 169.23 -6.01%

SSD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 04, 2024 Jul 04, 2024 Jul 25, 2024 $0.280 0.155%
2 May 01, 2024 Jul 03, 2024 Jul 25, 2024 $0.280 0.155%
3 Jan 23, 2024 Apr 03, 2024 Apr 25, 2024 $0.270 0.158%
4 Oct 23, 2023 Jan 03, 2024 Jan 25, 2024 $0.270 0.148%
5 Jul 31, 2023 Oct 04, 2023 Oct 26, 2023 $0.270 0.210%

FAQ

What is the symbol for Simpson Manufacturing Company Inc Stock and on which exchange is it traded?
The symbol for Simpson Manufacturing Company Inc is SSD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Simpson Manufacturing Company Inc Stock?
Simpson Manufacturing Company Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Simpson Manufacturing Company Inc Stock?
Simpson Manufacturing Company Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Simpson Manufacturing Company Inc Stock.

What's the current price of Simpson Manufacturing Company Inc Stock?
As of the end of day on the May 07, 2024, the price of an Simpson Manufacturing Company Inc (SSD) share was $180.05.

What is the 52-week high and low for Simpson Manufacturing Company Inc Stock?
The 52-week high for Simpson Manufacturing Company Inc Stock is $1.43 and the 52-week low is $0.255.

What is the market capitalization of Simpson Manufacturing Company Inc Stock?
As of the May 07, 2024, the market capitalization of Simpson Manufacturing Company Inc is 7.642B.

When is the next earnings date for Simpson Manufacturing Company Inc?
The upcoming earnings date for Simpson Manufacturing Company Inc is Jul 22, 2024.
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About Simpson Manufacturing Company Inc

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide ... SSD Profile

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